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Tuesday, March 31, 2015 11:25:17 PM
Isn't it very good that the reported A/S from the T/A is 200 Million less than we thought? That is a nice bonus!
As far as the O/S the current T/A reports 2,207,251,895 Outstanding commons.
The March 12 PR reported that the the O/S would be 1,819,307,525 shares (after the 395,838,451 share buyback/reduction).
2,207,251,895 (current T/A report) - 395,838,451 (share reduction) = 1,811,413,444 (almost exactly the same number from the reported March 12 PR).
This proves 2 things:
1. The share buyback has not been processed and reflected in the current T/A report yet. This takes time. Could happen any day now.
2. Nearly no dilution has happened in the last month
Imagine what happens to the PPS when the (now ungagged) T/A reports the share buyback has been processed.
Also important to note the OTC website reported a 2,187,251,895 O/S a/o Mar 06, 2015. This further proves that nearly no dilution has taken place this month when comparing to the current O/S. No other way to spin this!
You could say that the buyback was processed and then immediately dumped into market again, but the volume over the last month does not even come close to supporting this theory.
These are the reasons why I picked up a few Million shares today after confirming myself today that the T/A has been gagged, the company is being transparent, and the stock is not being diluted.
Anyone please feel free to argue these points as I would like to hear your opposing opinions backed by fact.
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